Highbridge Capital Management, the global alternative asset manager owned by J.P. Morgan Asset Management, has purchased a majority interest in Gavea Investimentos, a Brazilian alternative asset manager with around $6bn (€4.3bn) in assets under management.
BNY Mellon and the Shanghai Stock Exchange (SSE) have signed a memorandum of understanding (MOU) to collaborate on exchange-traded funds (ETFs) based on the BNY Mellon Depositary Receipt (DR) Indices to be traded on the Shanghai Stock Exchange.
Aviva Investors has upgraded its system used for trade and post-trade activities such as portfolio analysis and compliance.
Sensato Capital Management, a firmed created by the former co-heads of active equity at Barclays Global Investors, has formed a strategic alliance with FRM Capital Advisors (FCA), the hedge fund seeding division of Financial Risk Management which will see FCA investing up to $50m (€35.6m) with Sensato.
The rise in global equity markets in the third quarter of this year had no effect on the pension deficits of the companies in the FTSE 350. But the apparent stability belied dramatic swings in asset and liability values.
Emerging-markets investors may unconsciously be running large risks by being over-exposed to carbon-intensive companies, according to new research from Trucost, the environmental risk consultancy, released last week.
